Diamond Hill Capital Select Strategy’s Q2 2025 Investor Letter

Diamond Hill Capital, an investment management company, released its “Select Strategy” second-quarter 2025 investor letter. Markets rebounded from a sharp downturn at the start of April following the President’s “Liberation Day” tariffs announcement. As measured by the Russell 3000 Index, US stocks rose approximately 11%. Large-cap stocks saw the highest increase this quarter, rising just over 11%, while small-cap and mid-cap stocks gained approximately 8.5% each. The portfolio delivered positive results in the quarter but trailed the Russell 3000 Index. The strategy returned...